Summary by Moomoo AI
On 12/23/2024, Rivian Automotive's CEO Robert J Scaringe executed a series of transactions involving the company's Class A Common Stock. Scaringe first acquired 71,429 shares at $2.6282 per share through the exercise of derivative securities. He then sold the same number of shares at $13.878 per share in an open market transaction.The total value of the disposed shares amounted to $991,291.66. Following these transactions, Scaringe's direct ownership decreased to 863,361 shares. Additionally, he indirectly owns 2,637,361 shares, with 4,595 held through an LLC and 2,632,766 held in a trust.These transactions were part of a pre-planned trading activity and have been completed. The significant difference between the acquisition and sale prices suggests a substantial gain for the CEO, potentially related to stock options or other equity compensation arrangements.
